RV RESORT -- PICAYUNE, MISSISSIPPI Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Tuesday, May 20, 2008 End Time Monday, August 18, 2008 Location Tequesta, FL See more about 'RV RESORT -- PICAYUNE, MISSISSIPPI' Description  For Sale SUN ROAMERS RV RESORT MISSISSIPPI PINES BOULEVARD PICAYUNE, MISSISSIPPI, 39466 CAP RATE:  8.52  LOCATION            One mile east of Interstate 59 in the historic City of Picayune, Pearl River County, Mississippi.  New Orleans is 50 miles to the southeast, Biloxi is 60 miles to the east and Hattiesburg is 60 miles to the north. Interstate 10 is a fifteen-minute drive time to the south with major roadways of “Routes 11…41…43… 90...603 and 1090” minutes away. The white sandy beaches of the Gulf are 30 minutes away. Major casinos are all within a 45 minute drive or less. The area west of the Resort is rapidly becoming a commercial epicenter due to the proximity of Interstate 59, exit 4. Major shopping facilities such as Home Depot, Wal-Mart, Winn Dixie, Shoney's, Walgreens, Wendy's, McDonalds and Financial Institutions are just a few of the national companies in the immediate area. LAND DATA                45.29 acres with a manmade 5-acre fishing pond. There are 155 RV spaces, and 7 cabins. Phase One Environmental studies recently completed and is conforming to EPA standards. Resort is connected to city water & sewer with all electrical lines buried underground. Roadways are compacted substrates with an abundance of pine trees and vegetation. A double wide mobile home with a deck for management, new golf driving range, mini golf course, horseshoe area with an Olympic size pool. A beautiful 6000 square foot clubhouse with fireplace, hardwood floors and check-in area. Laundry room, bathhouse, restrooms, barbecue pavilion, professional kitchen and banquet hall recently renovated. A freestanding chapel which accommodates 75 worshippers. Seven cabins are air-conditioned with kitchenettes and full baths. All sites are full hookup with 30/50 amp service and wireless internet. Also available is a propane refill and dump station. COMMENTS         Property was recently subdivided into two parcels. The RV Resort is situated on 17.56 acres and the adjacent 27.73 acres is vacant, with city water, sewer and electric at site. Vacant land zoning permits expansion of the current RV Resort or a similar use.                                            Price $4,800,000.00   ED BAPTISTA Broker/Associate (772)323-5300 ed4deals@yahoo.com 218 N. US Hwy.1 Tequesta, FL.33469                                                                                                         Property being sold subject to errors and omissions    SUNROAMERS RV RESORT EQUIPMENT LIST    TOTAL 45.29 ACRES   17.56 ACRES DEVELOPED FOR RV RESORT 27.73 ACRES CAN BE DEVELOPED 155 FULL HOOK-UP SITES 7 FURNISHED CABINS DOUBLEWIDE MOBILE HOME FOR MANAGER CLUB HOUSES 6000 SQUARE FEET CHAPEL ACCOMMODATES 75 PEOPLE OLYMPIC SIZE SWIMMING POOL MINI GOLF COURSE GOLF DRIVING RANGE STOCKED FISH POND LAUNDRY ROOM BATHHOUSE PAVILION WITH BARBEQUE FACILITIES PROFESSIONAL KITCHEN TWO STORAGE FACILITIES FOR EQUIPTMENT   EQUIPMENT   GMC PICKUP TRUCK 1995 BACKHOE TRACTOR GRADER TWO KUBOTA DIESEL LAWNMOWERS SNAPPER RIDE ON LAWNMOWER THREE MANUEL MOWERS WEED EATERS TRIMMERS BLOWERS CHAIN SAW VARIOUS OTHER MAINTENENCE EQUIPTMENT FOUR COMPUTERS FOUR PRINTERS TWO FAX MACHINES FOUR DESK, FILE CABINETS & CHAIRS FURNISHINGS IN CLUB HOUSE, POOL AND LAUNRY ROOM        EXPENSES 2006 Accountant & Professional Fees $8,552.00 Advertisement $21,583.00 Cable TV $1,665.00 Phone $7,200.00 Waste Containers $3,647.00 Property Insurance $16,250.00 License & Permits $750.00 Independent Contractors Office Expense $57,600.00 Postage $500.00 Office Expense $2,400.00 Computer Maintenance $1,200.00 Legal Fees $1,250.00 Propane Gas Expense $9,757.00 Building Repairs &Maintenance $8,871.00 Campground Repairs & Maintenance $17,407.00 Roadway Repairs & Maintenance $11,200.00 Equiptment Repairs & Maintenance $4,803.00 Sewer Repairs & Maintenance $985.00 Electric Fees $93,314.00 County Water & Sewer Fees $5,000.00 Pool Chemicals & Maintenance $1,200.00 Clubhouse, Laundry, Bathhouse Maintenance $3,600.00 City Taxes $4,220.00 County Taxes $4,711.00 Mississippi Sales Tax $23,639.00 S Corp Tax Return $2,275.00 Miscellaneous Expense $7,500.00 YEARLY TOTAL EXPENSES $321,079.00 GROSS INCOME 2006 $864,433.00 NET OPERATING INCOME $543,354.00                                                  INCOME 2007 JANUARY $62,109.20 FEBRUARY $62,099.62       MARCH $63,113.48 APRIL $57,509.41 MAY $55,833.53 JUNE  $55,463.34   JULY $58,365.03 AUGUST $55,023.69   SEPTEMBER $58,652.64 OCTOBER $55,646.00 NOVEMBER $60,385.99 DECEMBER $50,998.91 GROSS PROFIT $695,200.84 JANUARY $41,176.01 FEBRUARY $34,647.47 MARCH $47,877.99 APRIL $53,114.47 MAY $51,668.04 JUNE $42,729.20 JULY  $44,332.01 AUGUST $46,302.65 SEPTEMBER          $59,025.03 OCTOBER $49,879.00 NOVEMBER  $35,693.62 DECEMBER $31,720.28 GROSS EXPENSES $538,165.77 JANUARY $8,064.13 FEBRUARY $16,579.43 MARCH $21,555.60 APRIL $35,572.07 MAY $19,313.87 JUNE $30,505.30 JULY $19,646.46 AUGUST $19,874.74 SEPTEMBER $30,743.83 OCTOBER $18,011.00 NOVEMBER $17,155.00 DECEMBER $14,993.32 EXPENSES NOT RELATED TO PARK $252,014.75                                                   NET OPERATING INCOME $409,049.82   Disclaimer:  The above information has been provided by the owners and according to them it can be verified and substanciated during the due diligence period. We have not checked the figures and cannot vouch for the accuracy of the above information.     Place a Bid!